Marine Link
Friday, September 30, 2016

Somalia Counter-piracy Initiative Wins Cash

May 8, 2013

Somalia wins extra cash, military aid, at the recent London donor summit.

Britain will help boost radio communications on the Somali coast to combat piracy that the World Bank has estimated costs the world economy $18 billion despite the dramatic drop in incidents so far this year, reports Reuters.

At the end of the London summit Britain committed around 180 million pounds ($279 million), including funding for a planned doubling of the police force, and the United States donated $40 million on top of the $1.5 billion it has given since 2009.

Source: Reuters

 



Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News